When is the deadline for statutory demand: period of neglect before deemed inability to pay debts?
The catalogue records a 21 days period from Service of the demand by leaving it at the registered office of the company. This draft page remains free only until its source, worked example and limits are reviewed.
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Calculation basis and source
- Period
- 21 days
- Trigger
- Service of the demand by leaving it at the registered office of the company
- Counting
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- Rollovers and holidays
- Holiday, closure and order treatment must be independently documented before publication.
This route remains in preparation until a pinpoint official source is recorded.
- Three weeks, not the 21 days of the English regime expressed in days, and the debt threshold is a sum exceeding five hundred dollars (raised by 2006:40 s.37 with effect from 29 December 2006). Service must be by leaving the demand at the registered office; other modes do not engage the deeming provision. The other limbs are s.162(b) (execution returned unsatisfied) and s.162(c)